2021 Q2 Form 10-Q Financial Statement

#000147604521000074 Filed on August 03, 2021

View on sec.gov

Income Statement

Concept 2021 Q2 2020 Q2
Revenue $50.24M $20.17M
YoY Change 149.07% -77.04%
Cost Of Revenue $28.39M $15.74M
YoY Change 80.37% -64.33%
Gross Profit $21.85M $4.433M
YoY Change 392.98% -89.87%
Gross Profit Margin 43.5% 21.97%
Selling, General & Admin $28.14M $19.29M
YoY Change 45.87% -44.12%
% of Gross Profit 128.76% 435.15%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $13.35M $13.67M
YoY Change -2.3% 5.14%
% of Gross Profit 61.1% 308.3%
Operating Expenses $41.49M $32.96M
YoY Change 25.89% -51.84%
Operating Profit -$2.390M -$18.62M
YoY Change -87.16% -215.42%
Interest Expense $6.356M $7.034M
YoY Change -9.64% -1.36%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$8.718M -$27.19M
YoY Change -67.94% -385.49%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$8.558M -$26.83M
YoY Change -68.1% -384.27%
Net Earnings / Revenue -17.03% -132.98%
Basic Earnings Per Share -$0.18 -$0.57
Diluted Earnings Per Share -$0.18 -$0.57
COMMON SHARES
Basic Shares Outstanding 48.64M shares 46.96M shares
Diluted Shares Outstanding 48.64M shares 46.96M shares

Balance Sheet

Concept 2021 Q2 2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $131.4M $36.90M
YoY Change 256.01% 319.32%
Cash & Equivalents $131.4M $36.88M
Short-Term Investments
Other Short-Term Assets $5.843M $4.600M
YoY Change 27.02% 2.22%
Inventory
Prepaid Expenses
Receivables $3.834M $2.300M
Other Receivables $0.00 $0.00
Total Short-Term Assets $141.0M $43.80M
YoY Change 222.02% 110.58%
LONG-TERM ASSETS
Property, Plant & Equipment $1.320B $1.380B
YoY Change -4.35% 0.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $10.93M $8.900M
YoY Change 22.79% -77.18%
Other Assets $4.564M $4.500M
YoY Change 1.42% -4.26%
Total Long-Term Assets $1.336B $1.394B
YoY Change -4.15% -2.14%
TOTAL ASSETS
Total Short-Term Assets $141.0M $43.80M
Total Long-Term Assets $1.336B $1.394B
Total Assets $1.477B $1.437B
YoY Change 2.74% -0.51%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $25.50M $19.30M
YoY Change 32.15% -35.23%
Accrued Expenses $22.97M $23.50M
YoY Change -2.25% -1.67%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $48.62M $43.30M
YoY Change 12.29% -27.35%
LONG-TERM LIABILITIES
Long-Term Debt $599.0M $664.2M
YoY Change -9.81% 14.83%
Other Long-Term Liabilities $0.00 $17.80M
YoY Change -100.0% 76.24%
Total Long-Term Liabilities $599.0M $682.0M
YoY Change -12.16% 15.89%
TOTAL LIABILITIES
Total Short-Term Liabilities $48.62M $43.30M
Total Long-Term Liabilities $599.0M $682.0M
Total Liabilities $647.7M $725.2M
YoY Change -10.69% 11.89%
SHAREHOLDERS EQUITY
Retained Earnings -$234.6M -$207.3M
YoY Change 13.18% 74.14%
Common Stock $1.049B $906.4M
YoY Change 15.7% 0.21%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $814.2M $699.1M
YoY Change
Total Liabilities & Shareholders Equity $1.477B $1.437B
YoY Change 2.74% -0.51%

Cashflow Statement

Concept 2021 Q2 2020 Q2
OPERATING ACTIVITIES
Net Income -$8.558M -$26.83M
YoY Change -68.1% -384.27%
Depreciation, Depletion And Amortization $13.35M $13.67M
YoY Change -2.3% 5.14%
Cash From Operating Activities $9.903M -$12.88M
YoY Change -176.89% -152.53%
INVESTING ACTIVITIES
Capital Expenditures -$9.431M -$8.160M
YoY Change 15.58% -28.92%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change -100.0%
Cash From Investing Activities -$9.431M -$8.160M
YoY Change 15.58% 292.31%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 118.4M -2.780M
YoY Change -4360.79% -90.09%
NET CHANGE
Cash From Operating Activities 9.903M -12.88M
Cash From Investing Activities -9.431M -8.160M
Cash From Financing Activities 118.4M -2.780M
Net Change In Cash 118.9M -23.82M
YoY Change -599.25% 323.84%
FREE CASH FLOW
Cash From Operating Activities $9.903M -$12.88M
Capital Expenditures -$9.431M -$8.160M
Free Cash Flow $19.33M -$4.720M
YoY Change -509.62% -113.11%

Facts In Submission

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0.22
CY2020Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
738270000 USD
CY2020Q2 us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
1000 USD
CY2020Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1031000 USD
CY2020Q2 us-gaap Profit Loss
ProfitLoss
-27193000 USD
CY2020Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
712144000 USD
CY2021Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
717466000 USD
CY2021Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1095000 USD
CY2021Q2 cldt Noncontrolling Interest Increase Decrease From Reallocation
NoncontrollingInterestIncreaseDecreaseFromReallocation
0 USD
CY2021Q2 us-gaap Profit Loss
ProfitLoss
-8718000 USD
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
829059000 USD
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
775024000 USD
us-gaap Stock Issued During Period Value Employee Benefit Plan
StockIssuedDuringPeriodValueEmployeeBenefitPlan
450000 USD
us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
3000 USD
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2412000 USD
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.22
us-gaap Dividends Common Stock
DividendsCommonStock
10331000 USD
cldt Regular Distributions On Long Term Investment Plan
RegularDistributionsOnLongTermInvestmentPlan
0.22
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
233000 USD
cldt Noncontrolling Interest Increase Decrease From Reallocation
NoncontrollingInterestIncreaseDecreaseFromReallocation
0 USD
us-gaap Profit Loss
ProfitLoss
-55304000 USD
CY2020Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
712144000 USD
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
692460000 USD
us-gaap Stock Issued During Period Value Employee Benefit Plan
StockIssuedDuringPeriodValueEmployeeBenefitPlan
450000 USD
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2134000 USD
cldt Noncontrolling Interest Forfeited Distributions To Noncontrolling Interest Holders
NoncontrollingInterestForfeitedDistributionsToNoncontrollingInterestHolders
40000 USD
cldt Noncontrolling Interest Increase Decrease From Reallocation
NoncontrollingInterestIncreaseDecreaseFromReallocation
0 USD
us-gaap Profit Loss
ProfitLoss
-6016000 USD
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
829059000 USD
us-gaap Profit Loss
ProfitLoss
-6016000 USD
us-gaap Profit Loss
ProfitLoss
-55304000 USD
us-gaap Depreciation
Depreciation
26566000 USD
us-gaap Depreciation
Depreciation
26607000 USD
cldt Amortization Of Deferred Franchise Fees
AmortizationOfDeferredFranchiseFees
120000 USD
cldt Amortization Of Deferred Franchise Fees
AmortizationOfDeferredFranchiseFees
122000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
984000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
489000 USD
us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
-15000 USD
us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
0 USD
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
23817000 USD
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
0 USD
us-gaap Impairment Losses Related To Real Estate Partnerships
ImpairmentLossesRelatedToRealEstatePartnerships
0 USD
us-gaap Impairment Losses Related To Real Estate Partnerships
ImpairmentLossesRelatedToRealEstatePartnerships
15282000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
2351000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
2349000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Accelerated Compensation Cost
ShareBasedCompensationArrangementByShareBasedPaymentAwardAcceleratedCompensationCost
0 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Accelerated Compensation Cost
ShareBasedCompensationArrangementByShareBasedPaymentAwardAcceleratedCompensationCost
288000 USD
cldt Income Loss From Unconsolidated Real Estate Entities
IncomeLossFromUnconsolidatedRealEstateEntities
-1231000 USD
cldt Income Loss From Unconsolidated Real Estate Entities
IncomeLossFromUnconsolidatedRealEstateEntities
-5251000 USD
cldt Increase Decrease In Right Of Use Asset
IncreaseDecreaseInRightOfUseAsset
-324000 USD
cldt Increase Decrease In Right Of Use Asset
IncreaseDecreaseInRightOfUseAsset
-311000 USD
us-gaap Increase Decrease In Accounts And Notes Receivable
IncreaseDecreaseInAccountsAndNotesReceivable
2145000 USD
us-gaap Increase Decrease In Accounts And Notes Receivable
IncreaseDecreaseInAccountsAndNotesReceivable
-2378000 USD
us-gaap Increase Decrease In Deferred Charges
IncreaseDecreaseInDeferredCharges
22000 USD
us-gaap Increase Decrease In Deferred Charges
IncreaseDecreaseInDeferredCharges
16000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
3576000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
2022000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
2080000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-11241000 USD
cldt Increase Decrease In Lease Liability
IncreaseDecreaseInLeaseLiability
-262000 USD
cldt Increase Decrease In Lease Liability
IncreaseDecreaseInLeaseLiability
-234000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-2167000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-15740000 USD
us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
4200000 USD
us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
10424000 USD
cldt Payments To Acquire Investment In Hotel Properties Under Development
PaymentsToAcquireInvestmentInHotelPropertiesUnderDevelopment
15231000 USD
cldt Payments To Acquire Investment In Hotel Properties Under Development
PaymentsToAcquireInvestmentInHotelPropertiesUnderDevelopment
10050000 USD
us-gaap Proceeds From Real Estate And Real Estate Joint Ventures
ProceedsFromRealEstateAndRealEstateJointVentures
2800000 USD
us-gaap Proceeds From Real Estate And Real Estate Joint Ventures
ProceedsFromRealEstateAndRealEstateJointVentures
0 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-16631000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-20474000 USD
us-gaap Proceeds From Secured Lines Of Credit
ProceedsFromSecuredLinesOfCredit
20000000 USD
us-gaap Proceeds From Secured Lines Of Credit
ProceedsFromSecuredLinesOfCredit
86000000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
27300000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
3000000 USD
us-gaap Proceeds From Construction Loans Payable
ProceedsFromConstructionLoansPayable
14248000 USD
us-gaap Proceeds From Construction Loans Payable
ProceedsFromConstructionLoansPayable
0 USD
cldt Initial Termof Taxable Real Estate Investment Trust Subsidiaries Lease
InitialTermofTaxableRealEstateInvestmentTrustSubsidiariesLease
P5Y
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
16875000 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
4483000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
144000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
627000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
24583000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
128000 USD
us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
120000000 USD
us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
0 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
282000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
16237000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
129640000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
61778000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
110842000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
25564000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
31453000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
20182000 USD
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
142295000 USD
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
45746000 USD
us-gaap Interest Paid Net
InterestPaidNet
13456000 USD
us-gaap Interest Paid Net
InterestPaidNet
13844000 USD
us-gaap Interest Paid Capitalized
InterestPaidCapitalized
1532000 USD
us-gaap Interest Paid Capitalized
InterestPaidCapitalized
595000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
166000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
44000 USD
CY2021Q1 us-gaap Stock Issued During Period Shares Employee Benefit Plan
StockIssuedDuringPeriodSharesEmployeeBenefitPlan
40224 shares
CY2020Q1 us-gaap Stock Issued During Period Shares Employee Benefit Plan
StockIssuedDuringPeriodSharesEmployeeBenefitPlan
24516 shares
CY2021Q2 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
147000 USD
CY2020Q2 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
469000 USD
CY2021Q2 cldt Accrued Share Based Compensation
AccruedShareBasedCompensation
200000 USD
CY2020Q2 cldt Accrued Share Based Compensation
AccruedShareBasedCompensation
225000 USD
CY2021Q2 us-gaap Accounts Payable And Other Accrued Liabilities
AccountsPayableAndOtherAccruedLiabilities
2712000 USD
CY2020Q2 us-gaap Accounts Payable And Other Accrued Liabilities
AccountsPayableAndOtherAccruedLiabilities
1554000 USD
CY2021Q2 cldt Aggregate Number Of Rooms In Hotels
AggregateNumberOfRoomsInHotels
5900 Room
CY2021Q2 cldt Numberof States In Which Hotels Are Owned
NumberofStatesInWhichHotelsAreOwned
15 state
us-gaap Use Of Estimates
UseOfEstimates
<div style="text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Use of Estimates</span></div><div><span><br/></span></div><div style="text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates.</span></div>
CY2020Q4 us-gaap Deferred Finance Costs Gross
DeferredFinanceCostsGross
971000 USD
CY2021Q2 us-gaap Secured Debt
SecuredDebt
599037000 USD
CY2021Q2 us-gaap Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
300000 USD
CY2020Q4 us-gaap Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
200000 USD
CY2021Q2 us-gaap Land
Land
287049000 USD
CY2020Q4 us-gaap Land
Land
287049000 USD
CY2021Q2 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
1198985000 USD
CY2020Q4 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
1195276000 USD
CY2021Q2 cldt Furniture Fixtures And Equipment
FurnitureFixturesAndEquipment
86792000 USD
CY2020Q4 cldt Furniture Fixtures And Equipment
FurnitureFixturesAndEquipment
84381000 USD
CY2021Q2 us-gaap Development In Process
DevelopmentInProcess
7479000 USD
CY2020Q4 us-gaap Development In Process
DevelopmentInProcess
11225000 USD
CY2021Q2 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
1580305000 USD
CY2020Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
1577931000 USD
CY2021Q2 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
339322000 USD
CY2020Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
312757000 USD
CY2021Q2 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
1240983000 USD
CY2020Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
1265174000 USD
cldt Guarantee Obligations Percentageof Outstanding Debt Balances
GuaranteeObligationsPercentageofOutstandingDebtBalances
0.20
CY2021Q2 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
1287080000 USD
CY2021Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
599815000 USD
CY2020Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
609741000 USD
CY2021Q2 us-gaap Deferred Finance Costs Gross
DeferredFinanceCostsGross
778000 USD
CY2020Q4 us-gaap Secured Debt
SecuredDebt
608770000 USD
CY2021Q2 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
4566000 USD
CY2021Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
137249000 USD
CY2021Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
117875000 USD
CY2021Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
324190000 USD
CY2021Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
15935000 USD
CY2021Q2 cldt Long Term Debt Maturity After Year Four
LongTermDebtMaturityAfterYearFour
0 USD
CY2021Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
599815000 USD
CY2021Q2 us-gaap Deferred Finance Costs Gross
DeferredFinanceCostsGross
778000 USD
CY2021Q2 us-gaap Secured Debt
SecuredDebt
599037000 USD
CY2021Q2 us-gaap Interest Rate Fair Value Hedge Derivative At Fair Value Net
InterestRateFairValueHedgeDerivativeAtFairValueNet
53000 USD
CY2020Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.11
CY2020Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 USD
CY2021Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 USD
CY2020Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.22
CY2020Q1 cldt Regular Distributions On Long Term Investment Plan
RegularDistributionsOnLongTermInvestmentPlan
0.22
CY2021Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0
CY2020Q1 cldt Regular Distributions On Long Term Investment Plan
RegularDistributionsOnLongTermInvestmentPlan
0.11
CY2020Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.11
CY2020Q1 cldt Regular Distributions On Long Term Investment Plan
RegularDistributionsOnLongTermInvestmentPlan
0.11
CY2020Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.22
CY2020Q1 cldt Regular Distributions On Long Term Investment Plan
RegularDistributionsOnLongTermInvestmentPlan
0.22
CY2020 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.22
CY2020 cldt Regular Distributions On Long Term Investment Plan
RegularDistributionsOnLongTermInvestmentPlan
0.22
CY2021Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
500000000 shares
CY2021Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2021Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
48756555 shares
CY2021Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
100000000 shares
CY2021Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2021Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
4800000 shares
CY2021Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
4800000 shares
CY2021Q2 cldt Vested Operating Partnership Units Held By Current And Former Employees
VestedOperatingPartnershipUnitsHeldByCurrentAndFormerEmployees
976102000 shares
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
-8558000 USD
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
-26827000 USD
us-gaap Net Income Loss
NetIncomeLoss
-5902000 USD
us-gaap Net Income Loss
NetIncomeLoss
-54610000 USD
CY2021Q2 cldt Dividends Paid On Unvested Restricted Shares
DividendsPaidOnUnvestedRestrictedShares
0 USD
CY2020Q2 cldt Dividends Paid On Unvested Restricted Shares
DividendsPaidOnUnvestedRestrictedShares
0 USD
cldt Dividends Paid On Unvested Restricted Shares
DividendsPaidOnUnvestedRestrictedShares
0 USD
cldt Dividends Paid On Unvested Restricted Shares
DividendsPaidOnUnvestedRestrictedShares
50000 USD
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-8558000 USD
CY2020Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-26827000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-5902000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-54660000 USD
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
48637484 shares
CY2020Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
46960289 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
47935130 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
46954411 shares
CY2021Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2020Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
48637484 shares
CY2020Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
46960289 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
47935130 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
46954411 shares
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.18
CY2020Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.57
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.12
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.16
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.18
CY2020Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.57
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.12
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.16
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
1028000 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
2071000 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
2093000 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
2115000 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
2186000 USD
CY2021Q2 cldt Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
66720000 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
76213000 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
53242000 USD
CY2021Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
22971000 USD
CY2020Q4 cldt Lessee Operating Lease Liability Payments Required Under Ground Air Rights Garage Leases And Office Lease Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRequiredUnderGroundAirRightsGarageLeasesAndOfficeLeaseRemainderOfFiscalYear
2051000 USD
CY2020Q4 cldt Lessee Operating Lease Liability Payments Required Under Ground Air Rights Garage Lases And Office Lease Due In Year One
LesseeOperatingLeaseLiabilityPaymentsRequiredUnderGroundAirRightsGarageLasesAndOfficeLeaseDueInYearOne
2071000 USD
CY2020Q4 cldt Lessee Operating Lease Liability Payments Required Under Ground Air Rights Garage Lases And Office Lease Due In Year Two
LesseeOperatingLeaseLiabilityPaymentsRequiredUnderGroundAirRightsGarageLasesAndOfficeLeaseDueInYearTwo
2093000 USD
CY2020Q4 cldt Lessee Operating Lease Liability Payments Required Under Ground Air Rights Garage Leases And Office Lease Due In Year Three
LesseeOperatingLeaseLiabilityPaymentsRequiredUnderGroundAirRightsGarageLeasesAndOfficeLeaseDueInYearThree
2115000 USD
CY2020Q4 cldt Lessee Operating Lease Liability Payments Required Under Ground Air Rights Garage Leases And Office Lease Due In Year Four
LesseeOperatingLeaseLiabilityPaymentsRequiredUnderGroundAirRightsGarageLeasesAndOfficeLeaseDueInYearFour
2186000 USD
CY2020Q4 cldt Lessee Operating Lease Liability Payments Required Under Ground Air Rights Garage Leases And Office Lease After Year Four
LesseeOperatingLeaseLiabilityPaymentsRequiredUnderGroundAirRightsGarageLeasesAndOfficeLeaseAfterYearFour
66720000 USD
CY2020Q4 cldt Lessee Operating Lease Liability Payments Required Under Ground Air Rights Garage Leases And Office Lease
LesseeOperatingLeaseLiabilityPaymentsRequiredUnderGroundAirRightsGarageLeasesAndOfficeLease
77236000 USD
CY2020Q4 cldt Lessee Operating Lease Liability Payments Required Under Ground Air Rights Garage Lases And Office Lease Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityPaymentsRequiredUnderGroundAirRightsGarageLasesAndOfficeLeaseUndiscountedExcessAmount
54003000 USD
CY2020Q4 cldt Operating Lease Liability Payments Required Under Ground Air Rights Garage Leases And Office Lease
OperatingLeaseLiabilityPaymentsRequiredUnderGroundAirRightsGarageLeasesAndOfficeLease
23233000 USD
cldt Operating Lease Fixed Lease Payments
OperatingLeaseFixedLeasePayments
700000 USD
us-gaap Variable Lease Payment
VariableLeasePayment
60200 USD
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
20641000 USD
CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
23233000 USD
cldt Amortization Of Right Of Use Asset
AmortizationOfRightOfUseAsset
324000 USD
cldt Amortization Of Lease Liability
AmortizationOfLeaseLiability
262000 USD
CY2021Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
20317000 USD
CY2021Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
22971000 USD
CY2021Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P40Y6M25D
CY2021Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0658
CY2021Q2 cldt Management Fees Recorded Within Hotel Other Operating Expenses
ManagementFeesRecordedWithinHotelOtherOperatingExpenses
1800000 USD
CY2020Q2 cldt Management Fees Recorded Within Hotel Other Operating Expenses
ManagementFeesRecordedWithinHotelOtherOperatingExpenses
800000 USD
cldt Management Fees Recorded Within Hotel Other Operating Expenses
ManagementFeesRecordedWithinHotelOtherOperatingExpenses
3000000.0 USD
cldt Management Fees Recorded Within Hotel Other Operating Expenses
ManagementFeesRecordedWithinHotelOtherOperatingExpenses
2900000 USD
CY2021Q2 cldt Management Fees Recorded Within Hotel Other Operating Expenses
ManagementFeesRecordedWithinHotelOtherOperatingExpenses
1800000 USD
CY2020Q2 cldt Management Fees Recorded Within Hotel Other Operating Expenses
ManagementFeesRecordedWithinHotelOtherOperatingExpenses
800000 USD
cldt Management Fees Recorded Within Hotel Other Operating Expenses
ManagementFeesRecordedWithinHotelOtherOperatingExpenses
3000000.0 USD
cldt Management Fees Recorded Within Hotel Other Operating Expenses
ManagementFeesRecordedWithinHotelOtherOperatingExpenses
2900000 USD
CY2021Q2 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
500000 USD
CY2020Q4 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
300000 USD

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0001476045-21-000074.txt Edgar Link pending
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cldt-20210630.htm Edgar Link pending
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